Indian tech ventures has attracted another big fund round investment. In a major breakthrough, IDG ventures have launched a tech fund of $200 million mainly for India based tech startups. This is third fund set up by firm targeting Indian market and was back in 2007 where they made a fund of $150 million. It introduced it in 2013 and they bagged $175 million. Thus, Indian startup can expect further financial help from this venture.
IDG, the VC firm were actively been investing in tech startups, mainly in the field of mobile and internet, engineering and software. Its recent investment includes the company like Zimmber, Rentomojo, and Bidgely. Its portfolio includes companies like Yatra, Flipkart, Myntra and others.
The firm’s Indian division was unveiled by Sudhir Sethi, Manik Arora and TC Meenakshisundaram in 2006.
In another recent development Ratan Tata was included in its firm as senior advisor. He made an investment in number of startups and the entire investment amount was not been shared till now. The Indian startups have shown a promising trend and leading business personalities are making the investment in it. Indian startup segment is sharing exerts global vision and making its use for services augmentation and reach.